Robinhood is increasing its crypto buying and selling companies to the European Union (EU) with the launch of a brand new app that permits prospects within the area to purchase and promote 26 cryptocurrencies.
In a press release, the retail buying and selling titan says that the Robinhood Crypto app has the bottom price on common within the EU primarily based on quotes proven by buying and selling platforms on November twentieth.
Robinhood says that the app additionally permits prospects to earn a share of their commerce again in Bitcoin (BTC), which will likely be deposited instantly into their account. Eligible prospects should look ahead to 30 days earlier than they will promote the worth of the rewarded crypto asset.
The agency says the app will assist extra tokens, crypto transfers, crypto staking and crypto studying rewards by 2024.
“Not like a few of our opponents which have grown shortly and listing a whole bunch of digital property, Robinhood Crypto has taken a extra conservative method to supporting digital property. This additionally means constructing safeguards for our merchandise and offering higher schooling.”
The net brokerage agency launches the app because the European Union institutes the Markets in Crypto Property Regulation (MiCA), which goals to guard shoppers by establishing a transparent regulatory atmosphere for the crypto sector.
Robinhood Crypto normal supervisor Johann Kerbrat says the laws is the rationale why the buying and selling agency selected to launch a crypto platform for EU prospects.
“We’re thrilled to broaden crypto buying and selling to prospects all through the EU, enabling them to purchase and promote their favourite tokens safely and securely. The EU has developed one of many world’s most complete insurance policies for crypto asset regulation, which is why we selected the area to anchor Robinhood Crypto’s worldwide growth plans.”
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